Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Extracts Income Statements and Balance Sheets 2017 2018 2019 Sales 3,840 5,760 8,448 Cost of Sales 1,920 2,688 5,608 Distribution costs 384 462 676 Administrative

Extracts Income Statements and Balance Sheets

2017

2018

2019

Sales

3,840

5,760

8,448

Cost of Sales

1,920

2,688

5,608

Distribution costs

384

462

676

Administrative expenses

1095

1,268

1,260

Interest expense (paid)

135

192

576

Taxation

76

268

150

Retained Profit

115

652

128

Fixed assets at cost

1,765

2,285

4,915

Accumulated depreciation

192

422

1,690

Closing Inventory at cost

154

346

752

Trade receivables

384

961

1,589

Prepayments

55

192

230

Overdraft

176

211

2,262

Trade payables

190

308

624

Accruals

155

384

576

Taxation payable

76

268

150

Debentures

640

385

250

Ordinary share capital 1

775

1000

1000

Retained earnings/Reserves

154

806

934

Looking at above, can you fill the below?

Thank you in advance.

Item

Year 2018

Year 2019

Net Profit

1,150

+Depreciation

+Interest Expense

-Increase in Inventory

-Increase in Debtors

-Increase in Prepayments

+Increase in Creditors

+Accruals rise

-Interest Paid

-Tax Paid

-Dividends Paid

Net Cash Flow (Operating Act.)

Net Cash Flow (Investing Act.)

Net Cash Flow (Financing Act.)

Net Cash Increase

Opening Balance

Closing Balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Principles And Applications

Authors: Hugh Coombs, D Ellis Jenkins, David Hobbs

1st Edition

1412908434, 978-1412908436

More Books

Students also viewed these Accounting questions

Question

Know how procedures protect an organization

Answered: 1 week ago